SAUDI ARABIA

First firm for commercial helicopter operation launched

March 11, 2019

Saudi Gazette report

Riyadh —
The Public Investment Fund (PIF) announced on Monday the launch of Helicopter Company, the first national commercial helicopter operator in Saudi Arabia.

The company will provide private transportation services within the main cities of Saudi Arabia as well as tourist trips to various attractions around the Kingdom.

The Helicopter Company has been created with initial capital of SR565 million and will cater to emerging demand in luxury tourism as well as untapped existing demand for urban aerial transportation.

It will be instrumental in meeting the demand for helicopter transportation within major cities in Saudi Arabia as well as supporting the development of the wider aviation sector.

It will also provide access to remote destinations and a high-end experience.

The launch of the Helicopter Company is in line with PIF’s strategy to generate sustainable returns, to establish and develop new sectors in Saudi Arabia, as well as to support the realization of Vision 2030 by acting as a catalyst for Saudi Arabia’s nascent tourism sector.


March 11, 2019
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